"Yes," agreed Peggy more soberly, "I believe you did. Life was a simpler business then. As we grow up we grow more complicated—at least, women do. But you seem to be very much the same as when I first met you, Philip."

"Is that a compliment?" asked Philip dubiously.

"It is the greatest compliment I have ever paid you," said Peggy, flushing suddenly. "What a sunset! Look!"

They paused, and leaned over the parapet. The October sun was dropping low, and the turbid flood of the Thames had turned to crimson. Philip glanced at his Lady. The hue of the water seemed to be faintly reflected in her face.

Suddenly something took hold of him—a power greater than himself. For once the gift of tongues was vouchsafed him.

"You are right, Peggy," he broke out. "I believe I am exactly the same as when I was a boy; in one thing anyhow; in my views on"—he boggled at the word "Love," and finally continued—"in my feelings about the biggest thing of all. Perhaps it is because I have always been shy and awkward, and have not sought out adventures that would correct my illusions. Anyhow, I am an idealist—a sentimentalist, if you like. I believe my father was, too, and even the knowledge that his ideals were shipwrecked does not discourage me. In my Utopia the men work and fight, and take all hard knocks and privations cheerfully, and run straight and live clean. They work because they like it, and not simply to make money. A man may work for fame, too, if he likes, but not the sort of thing we call fame nowadays—titles, and newspaper paragraphs, and stuff of that kind. If one of my knights achieves a big thing he is not excited about it: he just polishes up his armour and goes and does another big thing, without hanging about until a reporter turns up. I think the title of knight is the grandest honour a man can win; and it makes me mad to-day to see how that title has been stolen from its proper place and bestowed on men who have subscribed to party funds, or who happened to be Mayor when Royalty opened a new waterworks. My knight is a man who has done things, and done them for just one reason—for the joy of doing them; and who dedicates the glory and the praise, however great or small, to"—Philip's voice dropped suddenly—"to the honour of his Lady."

"And what is his Lady like?" asked Peggy softly.

She knew she ought not to do so. If a maid permits herself to embark with a young man upon a romantic discussion, it is sometimes difficult to prevent the conversation from taking an uncomfortably personal turn. But for the moment Philip had carried her off her feet.

"The Lady?" Philip descended from the clouds abruptly, and replied: "Well, I think you would make a very perfect Lady for a knight, Peggy."

The Rubicon at last! One foot at least was over. Dumbly he waited for Peggy's next word.